Here’s what’s happening in Web3 and AI at a glance.
Bitcoin Price Stalls, Analyst Sees 10% Drop
1️⃣Bitcoin bulls enjoyed a 10% monthly gain, but some analysts predict a 10% price correction to around $60,000 in the near future. Resistance levels sit at $72,000.
Kraken May Delist USDT in Europe Due to Regulations
2️⃣Kraken crypto exchange considers delisting Tether (USDT) due to upcoming MiCA regulations in Europe. The regulation restricts transactions for large stablecoins like USDT.
GameStop Stock Tanks 26% After Selling 45 Million Shares
3️⃣GameStop’s stock price plunged 26% after the company announced plans to sell 45 million shares and revealed disappointing Q1 results.
Ghana & Singapore Test Semi-Fungible Token for Trade
4️⃣Ghana and Singapore conduct a pilot project using a semi-fungible token to promote trade between small businesses. The token incorporates credentials and trade records.
Gemini to Repay 97% of Gemini Earn Crypto by Month End
5️⃣Gemini will begin repaying 97% of owed cryptocurrency to Gemini Earn users by the end of May, following the approval of Genesis’ bankruptcy plan.
LayerZero Identifies Potential Sybil Addresses
6️⃣LayerZero identified over 800,000 addresses suspected of being sybil accounts for airdrop farming. A bounty program allows users to report sybil addresses for rewards.
7️⃣Venezuela Bans Crypto Mining to Save Power Grid
Venezuela joins the list of countries banning crypto mining due to its high electricity consumption. The move aims to stabilize the country’s unreliable power supply.
8️⃣Middle East Emerging as Crypto Adoption Hotspot
The Middle East and North Africa (MENA) region is experiencing a surge in cryptocurrency adoption, ranking sixth globally. Turkey, Morocco, and Iran are among the top adopters.
AI
OpenAI Leadership Responds to Safety Concerns
1️⃣OpenAI addresses recent resignation of its top safety officer, acknowledging safety concerns but refuting claims that safety isn’t a priority. The company outlined its three-pronged strategy for ensuring safe AI development.
Microsoft Fined for Potential Bing AI Misuse
2️⃣The EU threatens Microsoft with a potential fine of up to 1% of its annual revenue for failing to respond to inquiries about potential risks associated with Bing’s AI features.
Godfather of AI Advises UK on UBI
3️⃣Geoffrey Hinton, a leading AI expert, warns of job displacement due to AI and advocates for Universal Basic Income (UBI) as a solution. He has consulted with UK lawmakers on the issue.
Sony Cracks Down on Music for AI Training
4️⃣Sony is taking action against companies using its music to train AI systems without permission. The company sent a letter to over 700 developers and music streaming services outlining its concerns.
OpenAI Unveils GPT-4o for Real-Time Conversation
5️⃣OpenAI introduces GPT-4o, a new large language model enabling real-time conversation with an AI assistant. It offers faster response times, emotional recognition, and interruption handling compared to previous models. CEO Sam Altman hails it as a movie-like AI experience. Initial access is limited with varying usage tiers for different subscription plans.
Google Counters OpenAI’s GPT-4o with Enhanced Search
6️⃣Google responds to OpenAI’s GPT-4o announcement by showcasing upgrades to its Gemini AI search features. Google leverages its search dominance to provide AI-generated answers directly on search results, bypassing the need for keyword queries.
US Senators Propose $32B for AI Growth and Safety (54 characters)
7️⃣A bipartisan group of US senators proposes a $32 billion investment plan over the next three years to fund AI development and establish safeguards to mitigate potential risks.
OpenAI Will Mix ‘Authentic’ Reddit Content Into Its Training Data
8️⃣OpenAI and Reddit announce a partnership to incorporate Reddit content into OpenAI’s large language models. This move raises concerns about potential bias in AI training data, but Reddit sees it as a way to enhance user experience and expand content reach.
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